ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book focuses on the intellectual foundations and discusses these arguments in the context of American public policy. It describes that Milton Friedman covers government involvement in the money supply and offers his most direct critiques of Keynesianism. Friedman suggests the government should increase the money supply only by a low, consistent amount every year. He demonstrates that the market cures social problems better than legislation. The book explores the development of monetarism, an important school of economic thought focused on the effects of money supply on the economy. Friedman's political philosophy spawned the modern libertarian movement. Policymakers drew on his points to remove barriers to free trade and currency exchange. In the 1970s and 1980s, Friedman became a prominent public intellectual. Capitalism and Freedom was Milton Friedman's first work written for the general public.
